The Urban Redevelopment Authority (URA) has awarded the tenders for the industrial site at Yishun Avenue 9 (Parcel 5) and the residential with 1st storey commercial site at Tai Thong Crescent today.
Tender for the industrial site was launched on 27 June 2012 and closed on 30 August 2012. The land parcel was offered for sale on a 30-year lease term. The successful tenderer is Soon Hock Tuas Development Pte Ltd at S$51.388 million.
Tender for the residential with 1st storey commercial site was launched on 30 July 2012 and closed on 6 September 2012. The land parcel was offered for sale on a 99-year lease term. Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd are the successful tenderer at S$245 million.